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Business

Fitch Ratings upgrades Agrobank’s rating to BB-

18.01.2019EconomicsSource: UzA

Fitch Ratings international credit rating agency has upgraded the rating of Agrobank from B+ to BB-, which in turn will contribute to further expansion of promising partnership with international financial institutions and increase customer confidence.

Uzbekistan – India Business Council Meeting

18.01.2019EconomicsSource: UzA

On January 17, the first meeting of Uzbekistan – India Business Council was held in Ahmedabad, India.

President of the Republic of Uzbekistan Shavkat Mirziyoyev signed a Decree “On establishment of Andijon-Pharm Free Economic Zone”

17.01.2019Economics

According to the Decree, Andijon-Pharm free economic zone is established in order to create favorable conditions for active attraction of investments, primarily foreign direct investment from India, for implementation of investment projects on creating high-tech pharmaceutical enterprises, saturating the market with high-quality domestic pharmaceuticals, including based on deep processing of local plant materials, as well as integrated and efficient use of production and resource potential of Andijan region, creating new jobs on this basis and increasing incomes of the population of Uzbekistan.

Maintaining active investment policy is a priority task for the current year

17.01.2019SocietySource: UzA

The National Press Center hosted a press conference devoted to summarizing activities of the Committee of the Senate of the Oliy Majlis of the Republic of Uzbekistan on Foreign Affairs, International Economic Relations, Investments and Tourism in 2018 and priority areas for the current year.

Qishloq Qurilish Bank and KfW IPEX-Bank sign an agreement amounting to 50 million euros

16.01.2019EconomicsSource: UzA

On January 14, Qishloq Qurilish Bank and KfW IPEX-Bank signed an agreement amounting to 50 million euros within the framework of Uzbekistan – Germany Business Forum, in Berlin.

Interest in shares of JSC Uzbekcoal continues to grow

15.01.2019Economics

At Tashkent Republican Stock Exchange, interest in shares of JSC Uzbekcoal increased significantly. Information about the increase in demand for shares of the main coal producer in Uzbekistan is presented on the official website of the stock exchange.

Uzbekistan confectioners visit Austria’s Esarom

15.01.2019EconomicsSource: UzA

The Ambassador of Uzbekistan to Austria Sherzod Asadov met with the President of Esarom GmbH Ernst Kunze and other responsible employees of the company.

Agrobank signs agreements with Germany’s banks

15.01.2019EconomicsSource: UzA

Uzbekistan – Germany business forum that is being held in Berlin contributes to creation of an active investment environment for commercial banks.